Late last year while we were in the process of launching the Irvine location for the CSUF Startup Incubator we met a husband and wife team with an innovative concept for revolutionizing the way that teams get work done. Nick Panhwar, the husband and CEO, and his CTO wife, Ayisha Fareed had impressive backgrounds in tech and sales and their product, TeamKnit, looked like a combination of all the best features of the various productivity and collaboration tools that we all use on a daily basis. So it was a very easy decision to accept them in the first group of Residents at the CSUF Startup Incubator (Irvine).
Since then they have been hard at work developing their product, running through a beta test, and working on the public launch of their product, TeamKnit. Along the way, they have benefited from mentors like Director John Bradley Jackson, CSUF Startup Incubator Manager Phillip Stinis, Professor Scott Sorrell, and their Startup Coach Jeff Greenberg.
What is Team Knit? “TeamKnit is an all-in-one team productivity tool that helps simplify and create a stress free workplace for all,” says Mr. Panwhar. “TeamKnit combines the best features of popular productivity tools into one powerful yet easy to use solution. TeamKnit helps teams talk to each other, work with each other, get to know each other, and share information with each other. TeamKnit cultivates a more productive workforce through focusing on improving and integrating four specific areas: Communication, Execution, Engagement, and Knowledge. We call this the CEEK Philosophy.”
CEEK, pronounced “seek”, is the sine qua non of collaboration and something that Nick says isn’t being done well by competitors like Slack, Asana, and Basecamp. And we agree. Every available solution is missing at least one, usually two or three, of the CEEK components.
Here’s a powerful example of how TeamKnit can benefit a team:
The Finance and Accounts team in any company is focused on providing accurate financial data to the rest of the business, allowing operational decisions to be made, often on strict deadlines. As the head of her department, Emma has noticed that stress levels are rising and inter-team relationships are fraught. Other departments are heavily relying on her F&A team to answer questions and provide advice and the increasing amount of requests are putting a tremendous strain on her teams’ workload. In addition to the legitimate requests, the team receives a large quantity of unwanted emails and this avalanche of unnecessary communication is having a negative impact on productivity. Emma decides to try a new software tool to reduce excessive emails, increase productivity and increase positive engagement between departments.
By using the TeamKnit software the F&A team has been able to more efficiently share key information with relevant departments. Instead of being slowed down by answering multiple routine queries by email, they now use the Knowledge Sharing function to store the answers in a central, accessible space that everyone in the company can access, which eliminates most of the unnecessary requests. Time sensitive information relating to Operations is now added in TeamKnit C-Messenger in real time, with only the relevant staff included, allowing direct communication between those involved and reducing unwanted emails. Relationships and employee engagement have strengthened due to this same tool putting faces to names, and employees interacting on a more personal level, getting to know each other through the Business Social tool. After only a month, Emma increased her department’s productivity by 42%, with positive effects being felt across the rest of the business as a whole.
In the near future, Ms. Fareed will be implementing AI to turbocharge the collaborative gains that TeamKnit is already providing to its beta users.
“We are achieving very high growth and TeamKnit is spreading like fire among all size companies,” says Mr. Panhwar. “TeamKnit co-founders did extensive research along with top universities and leading HR consulting firms on how to increase employee productivity by 36% and boost profits by 49%. We are also releasing our research oriented ebook on CEEK philosophy which is available to download on TeamKnit.com/book.”
Nick Panhwar and Ayisha Fareed are nearing the end of their residency at the CSUF Startup Incubator and we couldn’t be prouder of the strides they have made towards the launch of TeamKnit!
Keep in touch with the weekly CSUF Entrepreneurship Insider:
For more details on CSUF Entrepreneurship:
For more details on how we help people become entrepreneurs:
For more details on how CSUF Consulting can help businesses thrive:
Attend one of our events for entrepreneurs or sign up for a free mentoring session:
Knowledge @ CSUF Entrepreneurship:
To connect with the CSUF Entrepreneurship team: